Wazua
»
SME
»
Office
»
Matatu Business
Rank: Member Joined: 6/21/2010 Posts: 345 Location: easto
|
junior121121 wrote:
@ Subaruman - that is correct. The 8500 is what you get after you pay the driver/makanga/ fuel etc and that's after you have been kulwad a bit. In the few years I have been running the business I have come to learn:
- Agree on a fixed amount as opposed to targeting a higher amount leading to fluctuations. In my case 8500/6500 which is weekday/weekend. Manyanga brings in 10500/8000
- Above amount is net. Driver pays himself and fuels daily (insist on always having the car sleep with a full tank)/Pays sacco fees (300 for direct management and 300 savings which I will mention on my next point) as well as washing the car
- Sacco takes 300 per day per car additionally which you get back at the end of year (Make sure you are getting this as I use to take the car for painting and top up on tyres etc
- First four days pays for city council (5600), insurance (14800) and service ( 5,200 for service on one month and 8100 on second month). I have quoted a bit higher on second month as you get to do things like linings/more greasing and allow for a bit more work
- Cars serviced every 24days on average
- Average earning for the vehicles is between 160-180k (this does not include private hires)
a bit wordy but hope it helps. Good luck to you and mwania - in your venture
Thanks @Junior, this is very informative. I am interested also, I once tried Taxi business but really unguad, but i am really encouraged. A few questions 1. What would be the total cost of a new supped(sp)up Ma3 - 33 seater, with everything in place, licences, annual comp insurance? 2. Do the supped up 33 seater mats bring in more than plain ones? 3. Assume I raise 2M, what funding options are available for me. 4. I work somewhere where I cant get anytime to attend to the mat biz. Does Chamas - umoinnner, etc guarantee one stressfree management, do i expect to just sit back and wait for money in the bank? Of course there is after five and weekends where I can attend their meetings "The problem with the world is that the intelligent people are full of doubts, while the stupid ones are full of confidence." ― Charles Bukowski
|
|
|
Rank: Member Joined: 3/15/2010 Posts: 391 Location: nairobie
|
junior121121 wrote:subaru wrote:@ junior which is the simplest way to aquire a 33 str via bank n my statement is not good @ Subaru - there are two main ways around this - at least that I know of: - The two main asset banks supporting matatus are NIC and BOA. Equity seems to have really slowed down. NIC tend to be more supportive as they retain the log books and are flexible. The main downside to this is both banks ask for comprehensive insurance which costs an arm and a leg (Honestly this is what leads to a lot of people defaulting as the returns are very low once comprehensive is taken. - Second way is there is a Kalasinga (sp) guy who is good on lending matatu owners. He is very respected in this field and his rates are same as bank (less the comprehensive cover) Ask around for his details or inbox me. A third option you could and should consider if you have time is to start looking for auction vehicles at leakeys and compare to new ones. some serious savings to be made here. Let me know if you need any more info thanks for the info which banks sorts u quickly without requiring you to show up with good statements i think comprehensive ni lazima year one ita bidi
|
|
|
Rank: Elder Joined: 9/29/2006 Posts: 2,570
|
subaru wrote:junior121121 wrote:subaru wrote:@ junior which is the simplest way to aquire a 33 str via bank n my statement is not good @ Subaru - there are two main ways around this - at least that I know of: - The two main asset banks supporting matatus are NIC and BOA. Equity seems to have really slowed down. NIC tend to be more supportive as they retain the log books and are flexible. The main downside to this is both banks ask for comprehensive insurance which costs an arm and a leg (Honestly this is what leads to a lot of people defaulting as the returns are very low once comprehensive is taken. - Second way is there is a Kalasinga (sp) guy who is good on lending matatu owners. He is very respected in this field and his rates are same as bank (less the comprehensive cover) Ask around for his details or inbox me. A third option you could and should consider if you have time is to start looking for auction vehicles at leakeys and compare to new ones. some serious savings to be made here. Let me know if you need any more info thanks for the info which banks sorts u quickly without requiring you to show up with good statements i think comprehensive ni lazima year one ita bidi Hakuna cha lazima!! Just do your research and you will find out that over 80% matatus are insured on 3rd party. It's a risky biz. Leakey's ni wapi? The opposite of courage is not cowardice, it's conformity.
|
|
|
Rank: Member Joined: 3/15/2010 Posts: 391 Location: nairobie
|
jerry wrote:subaru wrote:junior121121 wrote:subaru wrote:@ junior which is the simplest way to aquire a 33 str via bank n my statement is not good @ Subaru - there are two main ways around this - at least that I know of: - The two main asset banks supporting matatus are NIC and BOA. Equity seems to have really slowed down. NIC tend to be more supportive as they retain the log books and are flexible. The main downside to this is both banks ask for comprehensive insurance which costs an arm and a leg (Honestly this is what leads to a lot of people defaulting as the returns are very low once comprehensive is taken. - Second way is there is a Kalasinga (sp) guy who is good on lending matatu owners. He is very respected in this field and his rates are same as bank (less the comprehensive cover) Ask around for his details or inbox me. A third option you could and should consider if you have time is to start looking for auction vehicles at leakeys and compare to new ones. some serious savings to be made here. Let me know if you need any more info thanks for the info which banks sorts u quickly without requiring you to show up with good statements i think comprehensive ni lazima year one ita bidi Hakuna cha lazima!! Just do your research and you will find out that over 80% matatus are insured on 3rd party. It's a risky biz. Leakey's ni wapi? @ jerry gari ya 5m unaweka bila comprehensive you guys are tough leakeys ni ma auctioneers
|
|
|
Rank: Member Joined: 12/5/2013 Posts: 224
|
jerry wrote:subaru wrote:junior121121 wrote:subaru wrote:@ junior which is the simplest way to aquire a 33 str via bank n my statement is not good @ Subaru - there are two main ways around this - at least that I know of: - The two main asset banks supporting matatus are NIC and BOA. Equity seems to have really slowed down. NIC tend to be more supportive as they retain the log books and are flexible. The main downside to this is both banks ask for comprehensive insurance which costs an arm and a leg (Honestly this is what leads to a lot of people defaulting as the returns are very low once comprehensive is taken. - Second way is there is a Kalasinga (sp) guy who is good on lending matatu owners. He is very respected in this field and his rates are same as bank (less the comprehensive cover) Ask around for his details or inbox me. A third option you could and should consider if you have time is to start looking for auction vehicles at leakeys and compare to new ones. some serious savings to be made here. Let me know if you need any more info thanks for the info which banks sorts u quickly without requiring you to show up with good statements i think comprehensive ni lazima year one ita bidi Hakuna cha lazima!! Just do your research and you will find out that over 80% matatus are insured on 3rd party. It's a risky biz. Leakey's ni wapi? Gari financed by bank lazima uweke comprehensive at least first year. Its not an option, it a precondition.
|
|
|
Rank: Member Joined: 12/5/2013 Posts: 224
|
subaru wrote:jerry wrote:subaru wrote:junior121121 wrote:subaru wrote:@ junior which is the simplest way to aquire a 33 str via bank n my statement is not good @ Subaru - there are two main ways around this - at least that I know of: - The two main asset banks supporting matatus are NIC and BOA. Equity seems to have really slowed down. NIC tend to be more supportive as they retain the log books and are flexible. The main downside to this is both banks ask for comprehensive insurance which costs an arm and a leg (Honestly this is what leads to a lot of people defaulting as the returns are very low once comprehensive is taken. - Second way is there is a Kalasinga (sp) guy who is good on lending matatu owners. He is very respected in this field and his rates are same as bank (less the comprehensive cover) Ask around for his details or inbox me. A third option you could and should consider if you have time is to start looking for auction vehicles at leakeys and compare to new ones. some serious savings to be made here. Let me know if you need any more info thanks for the info which banks sorts u quickly without requiring you to show up with good statements i think comprehensive ni lazima year one ita bidi Hakuna cha lazima!! Just do your research and you will find out that over 80% matatus are insured on 3rd party. It's a risky biz. Leakey's ni wapi? @ jerry gari ya 5m unaweka bila comprehensive you guys are tough leakeys ni ma auctioneers Comprehensive will take up all your profits my friend whether its a bus or 14 seater. Wacheni kukasirika mkiambiwa hamjafanya research. Please find out how much it is kwa sababu nikikuambia utasema ni pang'ang'a.
|
|
|
Rank: New-farer Joined: 11/9/2015 Posts: 56
|
mwania wrote:How do you normally deal with the crew who seem to be on drugs and are keen to overlap and break all laws? And cops? Frankly - with regards to cops - there is no way around this. The only thing I can say is for you not to be greedy and to ensure your driver is not greedy. I hear some owners pushing their crews to deliver 13-15k. The outcome is the car being run down and at least twice a week being harassed by cops. Cops will always be there and most SACCOS have a relationship with them. The best way to deal with the crew is get a good manager. There are many on most routes. Try and look at the owners with fleets as they will most likely have a manager. A good manager will be about 150 bob per car you own. He is responsible for dealing with the cops/hustling for private trips (This is where we make money) service/taking car to service/dealing with accidents etc. I would advise you being involved in first 12 months if you are new to this. I sound like a broken record but less greed means more returns - at least in the long run.
|
|
|
Rank: New-farer Joined: 11/9/2015 Posts: 56
|
tnai9 wrote:junior121121 wrote:
@ Subaruman - that is correct. The 8500 is what you get after you pay the driver/makanga/ fuel etc and that's after you have been kulwad a bit. In the few years I have been running the business I have come to learn:
- Agree on a fixed amount as opposed to targeting a higher amount leading to fluctuations. In my case 8500/6500 which is weekday/weekend. Manyanga brings in 10500/8000
- Above amount is net. Driver pays himself and fuels daily (insist on always having the car sleep with a full tank)/Pays sacco fees (300 for direct management and 300 savings which I will mention on my next point) as well as washing the car
- Sacco takes 300 per day per car additionally which you get back at the end of year (Make sure you are getting this as I use to take the car for painting and top up on tyres etc
- First four days pays for city council (5600), insurance (14800) and service ( 5,200 for service on one month and 8100 on second month). I have quoted a bit higher on second month as you get to do things like linings/more greasing and allow for a bit more work
- Cars serviced every 24days on average
- Average earning for the vehicles is between 160-180k (this does not include private hires)
a bit wordy but hope it helps. Good luck to you and mwania - in your venture
Thanks @Junior, this is very informative. I am interested also, I once tried Taxi business but really unguad, but i am really encouraged. A few questions 1. What would be the total cost of a new supped(sp)up Ma3 - 33 seater, with everything in place, licences, annual comp insurance? 2. Do the supped up 33 seater mats bring in more than plain ones? 3. Assume I raise 2M, what funding options are available for me. 4. I work somewhere where I cant get anytime to attend to the mat biz. Does Chamas - umoinnner, etc guarantee one stressfree management, do i expect to just sit back and wait for money in the bank? Of course there is after five and weekends where I can attend their meetings @nia9 – thanks. Be encouraged. It’s a business that can make you money. I was lucky to get some guidance. To answer your questions 1)New complete mat is either 4.3/4.7 which is for NPR/NQR. You can get slightly cheaper if you buy chasis and give to bodybuilder (I prefer CFG as opposed to the others as they have a sturdy body). KCI is the best though but a lot more expensive. With regards to mannyanga – can go up to 6m (Really depends on what you wanna do – I have seen one that even has business class seats in Rongai ) * My advise – KISS. Keep it simple stupid. Go overboard on your third or fourth mat. For your first one just get some airbrushing and music – budget about 200k 2) Supped up one makes more as mentioned earlier. They don’t line up so can do more “squads” 3) You can finance with the banks (NIC best) or other bank. Two others are looking to join and make it happen so look into it. 4)There is no such thing as “stress free management” – even Buffet/Gates don’t have this. You need to find a good manager. The SACCOS will not do this for you. They will assist with TLB’s/ cops to an extent/ insurance claims etc but not day to day management of your vehicles. Get involved in your first year. I have a full time job and manage but you need to be able to tell the “stories” from the truth. Whats more you get to know the other owners on your route – we really tend to help each other out.
|
|
|
Rank: New-farer Joined: 11/9/2015 Posts: 56
|
subaru wrote:junior121121 wrote:subaru wrote:@ junior which is the simplest way to aquire a 33 str via bank n my statement is not good @ Subaru - there are two main ways around this - at least that I know of: - The two main asset banks supporting matatus are NIC and BOA. Equity seems to have really slowed down. NIC tend to be more supportive as they retain the log books and are flexible. The main downside to this is both banks ask for comprehensive insurance which costs an arm and a leg (Honestly this is what leads to a lot of people defaulting as the returns are very low once comprehensive is taken. - Second way is there is a Kalasinga (sp) guy who is good on lending matatu owners. He is very respected in this field and his rates are same as bank (less the comprehensive cover) Ask around for his details or inbox me. A third option you could and should consider if you have time is to start looking for auction vehicles at leakeys and compare to new ones. some serious savings to be made here. Let me know if you need any more info thanks for the info which banks sorts u quickly without requiring you to show up with good statements i think comprehensive ni lazima year one ita bidi @Subaru - NIC is very good. Comprehensive is very very expensive.
|
|
|
Rank: Member Joined: 6/21/2010 Posts: 345 Location: easto
|
junior121121 wrote:
@nia9 – thanks. Be encouraged. It’s a business that can make you money. I was lucky to get some guidance. To answer your questions
1)New complete mat is either 4.3/4.7 which is for NPR/NQR. You can get slightly cheaper if you buy chasis and give to bodybuilder (I prefer CFG as opposed to the others as they have a sturdy body). KCI is the best though but a lot more expensive. With regards to mannyanga – can go up to 6m (Really depends on what you wanna do – I have seen one that even has business class seats in Rongai )
* My advise – KISS. Keep it simple stupid. Go overboard on your third or fourth mat. For your first one just get some airbrushing and music – budget about 200k
2) Supped up one makes more as mentioned earlier. They don’t line up so can do more “squads”
3) You can finance with the banks (NIC best) or other bank. Two others are looking to join and make it happen so look into it.
4)There is no such thing as “stress free management” – even Buffet/Gates don’t have this. You need to find a good manager. The SACCOS will not do this for you. They will assist with TLB’s/ cops to an extent/ insurance claims etc but not day to day management of your vehicles. Get involved in your first year. I have a full time job and manage but you need to be able to tell the “stories” from the truth. Whats more you get to know the other owners on your route – we really tend to help each other out.
 This is so so encouraging and invaluable. I got a partner already, a friend we have been discussing this biz and procrastinating but we have to do it now- met yesterday. He is kinda versed as he has two shuttles already + your invaluable info here really encouraged me to go it. Thinking diversification and already have a sketch of what we will do. We wont manage raising all the 5M so will do part financing. Do you know anything about Choda fabricators? "The problem with the world is that the intelligent people are full of doubts, while the stupid ones are full of confidence." ― Charles Bukowski
|
|
|
Rank: Member Joined: 12/5/2013 Posts: 224
|
tnai9 wrote:junior121121 wrote:
@nia9 – thanks. Be encouraged. It’s a business that can make you money. I was lucky to get some guidance. To answer your questions
1)New complete mat is either 4.3/4.7 which is for NPR/NQR. You can get slightly cheaper if you buy chasis and give to bodybuilder (I prefer CFG as opposed to the others as they have a sturdy body). KCI is the best though but a lot more expensive. With regards to mannyanga – can go up to 6m (Really depends on what you wanna do – I have seen one that even has business class seats in Rongai )
* My advise – KISS. Keep it simple stupid. Go overboard on your third or fourth mat. For your first one just get some airbrushing and music – budget about 200k
2) Supped up one makes more as mentioned earlier. They don’t line up so can do more “squads”
3) You can finance with the banks (NIC best) or other bank. Two others are looking to join and make it happen so look into it.
4)There is no such thing as “stress free management” – even Buffet/Gates don’t have this. You need to find a good manager. The SACCOS will not do this for you. They will assist with TLB’s/ cops to an extent/ insurance claims etc but not day to day management of your vehicles. Get involved in your first year. I have a full time job and manage but you need to be able to tell the “stories” from the truth. Whats more you get to know the other owners on your route – we really tend to help each other out.
This is so so encouraging and invaluable. I got a partner already, a friend we have been discussing this biz and procrastinating but we have to do it now- met yesterday. He is kinda versed as he has two shuttles already + your invaluable info here really encouraged me to go it. Thinking diversification and already have a sketch of what we will do. We wont manage raising all the 5M so will do part financing. Do you know anything about Choda fabricators? Glad this has come up...I.e Choda. Asked a while back and no one responded. If you ask me keep it simple. On the Umoja route, we have NYPD with a simple body from Dodi yet it outperforms hotcakes like Lacoste despite being a KBX. My opinion, I suspect Choda bodies are heavy based on my experience as a passenger in a couple of them. Lots of filler used to hide metal. If that's the case, they could be chewing wheels at an alarming rate. A situation that can be made worse by those alloy rims they fit as "wheel caps" coz tyres aren't balanced. I could be wrong but I would like to here from someone who owns a bus with a Choda body.
|
|
|
Rank: Member Joined: 6/21/2010 Posts: 345 Location: easto
|
matatuman wrote:
Glad this has come up...I.e Choda. Asked a while back and no one responded. If you ask me keep it simple. On the Umoja route, we have NYPD with a simple body from Dodi yet it outperforms hotcakes like Lacoste despite being a KBX.
My opinion, I suspect Choda bodies are heavy based on my experience as a passenger in a couple of them. Lots of filler used to hide metal. If that's the case, they could be chewing wheels at an alarming rate. A situation that can be made worse by those alloy rims they fit as "wheel caps" coz tyres aren't balanced. I could be wrong but I would like to here from someone who owns a bus with a Choda body.
My partner was proposing Choda solely because he is able to 'fast track' the body fabrication so that we can have the mat by like March. I didn't hear him mention anything about body specifics like weight/strength etc. I will find out more about this on the ummoiner route. Lacoste is from Choda and NYPD from Dodi? I see them but never been keen. "The problem with the world is that the intelligent people are full of doubts, while the stupid ones are full of confidence." ― Charles Bukowski
|
|
|
Rank: Member Joined: 12/5/2013 Posts: 224
|
tnai9 wrote:matatuman wrote:
Glad this has come up...I.e Choda. Asked a while back and no one responded. If you ask me keep it simple. On the Umoja route, we have NYPD with a simple body from Dodi yet it outperforms hotcakes like Lacoste despite being a KBX.
My opinion, I suspect Choda bodies are heavy based on my experience as a passenger in a couple of them. Lots of filler used to hide metal. If that's the case, they could be chewing wheels at an alarming rate. A situation that can be made worse by those alloy rims they fit as "wheel caps" coz tyres aren't balanced. I could be wrong but I would like to here from someone who owns a bus with a Choda body.
My partner was proposing Choda solely because he is able to 'fast track' the body fabrication so that we can have the mat by like March. I didn't hear him mention anything about body specifics like weight/strength etc. I will find out more about this on the ummoiner route. Lacoste is from Choda and NYPD from Dodi? I see them but never been keen. Please do and share your findings. Choda also happens to be more expensive. The name is DUST not NYPD, a brownish bus.
|
|
|
Rank: New-farer Joined: 11/9/2015 Posts: 56
|
tnai9 wrote:junior121121 wrote:
@nia9 – thanks. Be encouraged. It’s a business that can make you money. I was lucky to get some guidance. To answer your questions
1)New complete mat is either 4.3/4.7 which is for NPR/NQR. You can get slightly cheaper if you buy chasis and give to bodybuilder (I prefer CFG as opposed to the others as they have a sturdy body). KCI is the best though but a lot more expensive. With regards to mannyanga – can go up to 6m (Really depends on what you wanna do – I have seen one that even has business class seats in Rongai )
* My advise – KISS. Keep it simple stupid. Go overboard on your third or fourth mat. For your first one just get some airbrushing and music – budget about 200k
2) Supped up one makes more as mentioned earlier. They don’t line up so can do more “squads”
3) You can finance with the banks (NIC best) or other bank. Two others are looking to join and make it happen so look into it.
4)There is no such thing as “stress free management” – even Buffet/Gates don’t have this. You need to find a good manager. The SACCOS will not do this for you. They will assist with TLB’s/ cops to an extent/ insurance claims etc but not day to day management of your vehicles. Get involved in your first year. I have a full time job and manage but you need to be able to tell the “stories” from the truth. Whats more you get to know the other owners on your route – we really tend to help each other out.
This is so so encouraging and invaluable. I got a partner already, a friend we have been discussing this biz and procrastinating but we have to do it now- met yesterday. He is kinda versed as he has two shuttles already + your invaluable info here really encouraged me to go it. Thinking diversification and already have a sketch of what we will do. We wont manage raising all the 5M so will do part financing. Do you know anything about Choda fabricators? Good stuff. Go for it. I don't know about Choda. I have some from Dodi and rest from CFG - CFG a lot better.
|
|
|
Rank: Member Joined: 12/5/2013 Posts: 224
|
@Junior, What is your take on the ready made bodies by GB Polo? Also Hino vs Isuzu? On paper the Hino appears to be better I.e power & consumption.
|
|
|
Rank: New-farer Joined: 11/9/2015 Posts: 56
|
matatuman wrote:tnai9 wrote:junior121121 wrote:
@nia9 – thanks. Be encouraged. It’s a business that can make you money. I was lucky to get some guidance. To answer your questions
1)New complete mat is either 4.3/4.7 which is for NPR/NQR. You can get slightly cheaper if you buy chasis and give to bodybuilder (I prefer CFG as opposed to the others as they have a sturdy body). KCI is the best though but a lot more expensive. With regards to mannyanga – can go up to 6m (Really depends on what you wanna do – I have seen one that even has business class seats in Rongai )
* My advise – KISS. Keep it simple stupid. Go overboard on your third or fourth mat. For your first one just get some airbrushing and music – budget about 200k
2) Supped up one makes more as mentioned earlier. They don’t line up so can do more “squads”
3) You can finance with the banks (NIC best) or other bank. Two others are looking to join and make it happen so look into it.
4)There is no such thing as “stress free management” – even Buffet/Gates don’t have this. You need to find a good manager. The SACCOS will not do this for you. They will assist with TLB’s/ cops to an extent/ insurance claims etc but not day to day management of your vehicles. Get involved in your first year. I have a full time job and manage but you need to be able to tell the “stories” from the truth. Whats more you get to know the other owners on your route – we really tend to help each other out.
This is so so encouraging and invaluable. I got a partner already, a friend we have been discussing this biz and procrastinating but we have to do it now- met yesterday. He is kinda versed as he has two shuttles already + your invaluable info here really encouraged me to go it. Thinking diversification and already have a sketch of what we will do. We wont manage raising all the 5M so will do part financing. Do you know anything about Choda fabricators? Glad this has come up...I.e Choda. Asked a while back and no one responded. If you ask me keep it simple. On the Umoja route, we have NYPD with a simple body from Dodi yet it outperforms hotcakes like Lacoste despite being a KBX. My opinion, I suspect Choda bodies are heavy based on my experience as a passenger in a couple of them. Lots of filler used to hide metal. If that's the case, they could be chewing wheels at an alarming rate. A situation that can be made worse by those alloy rims they fit as "wheel caps" coz tyres aren't balanced. I could be wrong but I would like to here from someone who owns a bus with a Choda body. Hi Matatuman, I tend to agree with you. By the way this is one of the reasons why I don't like Dodi's Body - its full of filler. The CFG bodies are more metallic and chuma - a lot lighter which makes it better. Cant comment on Choda as I don't know their work very well - I know KCI/Dodi and CFG.
|
|
|
Rank: New-farer Joined: 11/9/2015 Posts: 56
|
tnai9 wrote:matatuman wrote:
Glad this has come up...I.e Choda. Asked a while back and no one responded. If you ask me keep it simple. On the Umoja route, we have NYPD with a simple body from Dodi yet it outperforms hotcakes like Lacoste despite being a KBX.
My opinion, I suspect Choda bodies are heavy based on my experience as a passenger in a couple of them. Lots of filler used to hide metal. If that's the case, they could be chewing wheels at an alarming rate. A situation that can be made worse by those alloy rims they fit as "wheel caps" coz tyres aren't balanced. I could be wrong but I would like to here from someone who owns a bus with a Choda body.
My partner was proposing Choda solely because he is able to 'fast track' the body fabrication so that we can have the mat by like March. I didn't hear him mention anything about body specifics like weight/strength etc. I will find out more about this on the ummoiner route. Lacoste is from Choda and NYPD from Dodi? I see them but never been keen. Try the others for price comparison also. CFG are normally able to give one of their vehicles if you buy direct. I ordered in Nov 29 and its out going for registration on Friday.
|
|
|
Rank: New-farer Joined: 11/9/2015 Posts: 56
|
matatuman wrote:@Junior, What is your take on the ready made bodies by GB Polo? Also Hino vs Isuzu? On paper the Hino appears to be better I.e power & consumption. Frankly - I like tried and tested. The average lifespan I like to keep the vehicles is like 5 years and then sell off and be able to retain some cash. Isuzu is excellent for this. For Example, I had a KBN in that I sold in Dec ( I had bought for 3.3 and sold for 2.1m. Granted that the VAT on chasis was recent but the isuzus tend to keep their value). Hino is too new in the market for me to gauge this. I also find that they are aging too quick. Someone in my Sacco with one mentioned that they consume less - but the driver is the one who enjoys not the owner 
|
|
|
Rank: Member Joined: 1/9/2009 Posts: 169 Location: Syokimau
|
@Junior121121 for the new entrants lemmi correct some figures from post number 692...the Kshs.160,000 to 180,000 earnings are gross for those with bank loans because the loan repayments can be as high as Kshs.125,000 per month(for a 3 year repayment period 70% financing of 3.45m)
Therefore take home before finishing up the loan will be about Kshs.40,000 to Kshs.60,000
The only way to beat high financing costs is to repay the loan in lumpsums as much as possible.
|
|
|
Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
|
matatuman wrote:kendata26Y wrote:matatuman wrote:mwania wrote:Thank you Thitifini (Stephen?). I will avoid the petrol one. What are the returns for the diesel one? What expenses will you have paid for to get the net? Thitifini, what route are you on? Petrols only made sense when the difference in price was close to 600k. But they are still as good as 5Ls, just do a decat, fit an aftermarket chip and have it remapped then buy me a beer. Do you mind expounding on what this is and what the impact on fuel consumption is? I will gladly pay for the beer. The de-cat basically gives you a high flow exhaust. Have the catalytic converter removed. Get a Unichip installed and get an eco tune done by one of the pro tuners. Only two in Nairobi. Simon Sharpe of Sharpe services in Karen or the master tuner himself Amit Pandya of AMS chip tuning. Avoid Sharpe he works with some kalasinga who has a problem with dark skin. Last job he did for me was shoddy and they just don't care. AMS is pricy but they do a good job. Never had a van tuned at AMS, but they once did a Subaru for me. Plus you might want to replace the oxygen sensor before the tune with a new one not second hand. Pombe si lazima so do not feel obliged. @matatuman I'm not always on this thread of matatu but I ways curious.wewe ni mtu mwungwana .you r generous and wise.will look for you one day for help when ready
|
|
|
Wazua
»
SME
»
Office
»
Matatu Business
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|